How much did Apple pay to settle with Imagination?

September 13, 2018 // By Peter Clarke, eeNews Analog

Apple has just announced its second applications processor since it said it would stop using intellectual property from graphics developer Imagination Technology and that it would eventually stop paying royalties. There have been no lawsuits.

Apple's application processors are for use inside its own smartphone products but Apple's statement, made in April 2017, that it was weaning itself of Imagination IP, caused the collapse of the Imagination stock price and forced the graphics company's eventual sale to a US equity company backed by Chinese state funds. However, circumstantial evidence now points to Apple having come to some sort of settlement with Imagination that frees it from the risk of being sued for patent infringement.